VOL. XLIV
No 36
3-September-2001
RUSSIA
Lukoil Gains North Africa Exploration Acreage Through Bitech Acquisition
As part of its drive to boost its overseas oil production, Russian oil giant Lukoil has acquired a number of assets in North Africa through the acquisition of Canada痴 Bitech Petroleum. Bitech痴 production at the time of the purchase was 9,733 b/d, with proven and probable reserves estimated at 51.2mn barrels. Outside of the CIS, where the company has its major producing...
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